Gold prices hovering in the last two weeks of the low market waiting for the Fed

The US Federal Reserve Board (FED / Fed) policymakers began a two-day policy meeting, and the financial markets will pay close attention to the details of the US Federal Reserve Board (FED / Fed) policy makers, The clues to tightening the outlook for US monetary policy.

Trading "is slightly thinning, the Fed meeting is usually expected to be the case," Standard Chartered Bank precious metals analyst Suki Cooper said.

Before the Fed meeting, the dollar fell slightly against a basket of currencies, analysts expect the Fed Wednesday will be announced in the announcement to reduce the purchase of bonds, and to maintain the possibility of raising interest rates in December.

"The dollar fell and then rose again, basically reflecting the trend of today's gold market," said Bart Melek, Head of Commodity Strategy at Daoming Securities.

The strength of the dollar has reduced the attractiveness of gold to investors. Since September 8 hit a year high 1,357.54 US dollars since the price of gold fell by 3.6%. US dollar against a basket of currencies on September 8 hit more than two and a half low.

Cooper said the Fed is "generally expected, and now we think there is a rate hike."

1814 GMT, spot gold rose 0.21% to $ 1,309.32 an ounce, out of the previous day low of $ 1,304.10. The most active December gold futures settled down $ 0.2, or 0.02 percent, at $ 1,310.6 an ounce.

Other precious metals, silver rose 0.35 percent, to $ 17.27 an ounce, platinum fell 0.74 percent at $ 952.4 an ounce, and palladium fell 2.86 percent to $ 908.73. Low intraday low of $ 908.97 a month.